January 29, 2018
Sydney based risk specialist practice MBS Insurance has formed a joint venture with HLB Mann Judd Sydney which will allow the accounting and financial advice business to offer life insurance services to its clients.
As part of the joint venture, the life insurance advice will be offered through the newly formed HLB Insurance Services, which will operate as part of the wealth management division of HLB Mann Judd Sydney.
HLB Insurance Services will be led by Andrew Kennedy, who has been the Practice Manager, Wealth Management for HLB Mann Judd since 2007, and will offer advice to individual, SMSF and business clients.
HLB Mann Judd Wealth Management Partner, Jonathan Philpot said life insurance had been identified as key area of service for the accounting and advice firm’s clients and “the low level of understanding of the personal insurance offering…requires a professional solution, something that unfortunately has not been provided by some in this industry”.
“the low level of understanding of the personal insurance offering…requires a professional solution…”
“Also, the level of change in the personal insurance market means that insurance is no longer a ‘set-and-forget’ part of client’s financial plan. Professional management and reviews of clients’ portfolio is vital to ensure their needs and objectives are adequately covered by the strategies that have been put in place,” he said.
MBS Insurance Director, Drew Burden said his firm was pleased to be working with HLB Mann Judd due to its high standards of best practice and dedicated business infrastructure which would provide a comprehensive risk offering to clients.
“We are excited to be to working with HLB Mann Judd as collectively we bring together the best of our respective organisations to create a new way to support clients to protect their financial futures,” Burden said.